CHAC is dedicated to making successful homeownership affordable to low and moderate income Colorado Colorado Housing Assistance Corporation (CHAC) was established in 1982 to further the development of affordable housing by offering programs that create and preserve homeownership for low and moderate income families, prevent displacement of long-term neighborhood residents, stabilize neighborhoods, and introduce innovative ways to mobilize private and public investment to achieve these goals CHAC activities include originating and servicing second mortgage loans and grants